Our weekly column summarizes the tech financing highlights in India this week.
P2P car and motorbike sharing platform Drivezy raised the largest amount of investment with USD 10 million. Other two O2O startups also secured investment. Online restaurant booking platform EazyDiner secured USD 4.5 million for a Series B round while home interior design platform MyGubbi raised USD 2.7 million for a pre-Series A round. Other areas like geospatial SaaS startup Transerve, solar tech startup Oorjan, and AI-driven Fraud prevention startup ThirdWatch also landed substantial funding this week.
P2P car & motorbike sharing platform Drivezy raises USD 10 M
Drivezy
Founders: Ashwarya Singh, Hemant Sah, Vasant Verma, Abhishek Mahajan and Amit Sahu
Founded in: 2015
Financing status: USD 10 million for undisclosed round in 2017
P2P car and motorbike sharing platform Drivezy last Friday raised USD 10 million to enter new markets across India and overseas.
Restaurant reservation platform EazyDiner secures USD 4.5 M for Series B
EazyDiner
Founders: Vir Sanghvi, Sachin Pabreja, Shruti Kaul, Ruchika Dhamija, Sue Reitz, and Manish Kutula
Founded in: 2014
Financing status: USD 4.5 million for Series B round in 2017
Restaurant reservation platform EazyDiner on Wednesday secured USD 4.5 million for Series B to expand to more domestic and international market, and plan to set up operations in Abu Dhabi in 2018.
Home interior design platform MyGubbi raises USD 2.7 M for pre-Series A round
MyGubbi
Founders: Umesh Sangurmath, Ravi Rao
Founded in: 2015
Financing status: USD 2.5 million for pre-Series A round in 2017
Home interior design platform MyGubbi on Monday raised USD 2.7 M for pre-Series A round to enhance its brand in existing markets, strengthen its backend, and set up a design center in Bangalore.
Geospatial SaaS startup Transerve raises USD 1.6 M for Series A
Transerve
Founder: Amarsh Chaturvedi and Ashwani Kumar
Founded in: 2009
Financing status: USD 1.6 million for undisclosed round in 2017
Geospatial SaaS startup Transerve two weeks ago raised USD 1.6 million for Series A.
Rooftop solar startup Oorjan raises USD 450,000 for seed round
Oorjan
Founders: Roli Gupta and Gautam Das
Founded in: 2014
Financing status: USD 450, 000 for seed round in 2017
Rooftop solar startup Oorjan last Thursday raised USD 450,000 for seed round to scale operations, augment sales efforts, and further build its technology advantage.
Fraud prevention startup ThirdWatch raises undisclosed amount for seed round
ThirdWatch
Founders: Adarsh Jain and Shashank Agarwal
Founded in: 2016
Financing status: Undisclosed amount for seed round in 2017
Fraud prevention startup ThirdWatch raises undisclosed amount for seed round
Fraud prevention startup ThirdWatch on Tuesday raised undisclosed amount for seed round.
(Top photo from Pixabay)
